Nigerian Breweries (NSA:NB) Days Payable : 130.79 (As of Mar. 2024)

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What is Nigerian Breweries Days Payable?

Nigerian Breweries's average Accounts Payable for the three months ended in Mar. 2024 was ₦208,183 Mil. Nigerian Breweries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₦145,241 Mil. Hence, Nigerian Breweries's Days Payable for the three months ended in Mar. 2024 was 130.79.

The historical rank and industry rank for Nigerian Breweries's Days Payable or its related term are showing as below:

NSA:NB' s Days Payable Range Over the Past 10 Years
Min: 55.04 Med: 78.52 Max: 187.67
Current: 187.67

During the past 13 years, Nigerian Breweries's highest Days Payable was 187.67. The lowest was 55.04. And the median was 78.52.

NSA:NB's Days Payable is ranked better than
83.33% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.985 vs NSA:NB: 187.67

Nigerian Breweries's Days Payable declined from Mar. 2023 (176.89) to Mar. 2024 (130.79). It may suggest that Nigerian Breweries accelerated paying its suppliers.

Nigerian Breweries Days Payable Historical Data

The historical data trend for Nigerian Breweries's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nigerian Breweries Days Payable Chart

Nigerian Breweries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.18

79.81

110.36

94.63

68.57

Nigerian Breweries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															176.89	265.33	275.12	108.42	130.79

Competitive Comparison of Nigerian Breweries's Days Payable

For the Beverages - Brewers subindustry, Nigerian Breweries's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nigerian Breweries's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Nigerian Breweries's Days Payable distribution charts can be found below:

* The bar in red indicates where Nigerian Breweries's Days Payable falls into.

Nigerian Breweries Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Nigerian Breweries's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (67573.401	+	77841.328)	/	2 )	/	387032.572	*	365
=	72707.3645					/	387032.572	*	365
=	68.57

Nigerian Breweries's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (77841.328	+	338524.126)	/	2 )	/	145240.614	*	365 / 4
=	208182.727					/	145240.614	*	365 / 4
=	130.79

Nigerian Breweries Days Payable Related Terms

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Nigerian Breweries (NSA:NB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Nigerian Breweries PLC (NSA:NB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abebe Village Road, Iganmu House, Iganmu, Lagos, NGA, 101241

Website

https://www.nbplc.com

Nigerian Breweries PLC is a Brewing firm. The principal activities of the company remained brewing, marketing, and selling lager, stout, non-alcoholic malt drinks, and soft drinks. Geographically, it derives a majority of revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa and parts of the Middle East and Asia. The company's brands include Star, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.